iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 1-Year High – What’s Next?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) hit a new 52-week high during trading on Monday . The stock traded as high as $97.00 and last traded at $96.74, with a volume of 14818 shares trading hands. The stock had previously closed at $94.57.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 28.77 and a beta of 1.14. The company has a 50-day simple moving average of $88.91 and a two-hundred day simple moving average of $84.16.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Growth ETF

A number of institutional investors have recently added to or reduced their stakes in IMCG. Godfrey Financial Associates Inc. bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at about $29,000. Dagco Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth about $30,000. Windsor Advisory Group LLC acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth about $31,000. Finally, Fifth Third Bancorp bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $37,000.

iShares Morningstar Mid-Cap Growth ETF Company Profile

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.